Res 1982-018 - Laserfiche WebLink

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to attest and aItlx the Corporation's seal thereto, with such changes therein as the officers executing the same may approve, such approval to be conclusive evidenced by such execution thereoi. o The loan of the proceeds of the sale of the Bonds (except for any amount representing accrued interest on the Bonds) by the Corporation to the User in order to provide financing of the costs of acquiring and constructing the Project shall be effected pursuant to the terms and provisions of a loan agreement substantially in the form of the Loan Agreement, dated as of April 1, 1982 (the "Loan Agreement"), by and between the Corporation and the User, which was presented to the Board, the form, terms and provisions of such Loan Agreement being hereby authorized and approved, and the President and the Vice President of the Corporation are hereby severally authorized and directed to execute and deliver such Loan Agreement on behalf of the Corporation, and the Secretary of the Corporation is hereby authorized to attest and affix the Corporation's seal thereto, with such changes therein as the officers executing the same may approve, such approval to be con- clusively evidenced by such execution thereof. 3. As a condition to the actions authorized in Paragraphs 1 and 2 of this resolution, the Guarantors shall have executed and delivered to the Trustee a guarantee agreement, dated as of April 1, 1982 (the "Guarantee Agreement"), bet,veen the Trustee and the Guarantors, \vhich was presented to the Board, and the User shall have executed a deed of trust, security agreement, assignment of rents and financing statement substantially in the form of the Deed of Trust, Security Agreement, Assignment of Rents and Financing Statement, dated as of April 1, 1982 (the "Hortgage"), from the User to Peterson Foster, as mortgage trustee, for the benefit of the Corporation, which was presented to the Board, the form, terms and provisions thereof being hereby autho- rized and approved. 4. The assignment of the Corporation's rights under the Hortgage to the Trustee for the benefit of the holders of the Bonds shall be effected pursuant to the terms and provisions of a collateral assignment and security agreement substantially in the form of the Collateral Assignment and Security Agreement, dated as of April 1, 1982 (the "Assignment"), from the Corporation to the Trustee, \vhich was presented to the Board, the form, terms and provisions of such Assignment being hereby authorized and approved, and the President and the Vice President of the Corporation are hereby severally authorized and directed to execut~ and deliver such Assignment on behalf of the Corporation, and the Secretary is hereby authorized to attest and affix the Corporation's seal thereto, with such changes therein as the officers executing the same may approve, such approval to be conclu- sively evidenced by such execution thereof. -3-